Avoid Last Minute Overspending Back »

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Christmas is a little over a week away. It’s time to pick up those last minute gifts. It’s also that time of year when you may catch yourself spending more than you intended.

I will be the first to admit that I have a problem with impulse shopping. The holiday season brings out the worst in me. I love seeing people open gifts that I picked out for them. The surprise, the appreciation of finding the perfect gift, etc. give me a sense of happiness. My checking and savings accounts don’t seem to have the same sense of appreciation.

Holiday shopping for me starts around Thanksgiving and I usually complete my list within a few days. I really love getting deals. I like calculating how much money I saved by hitting the sales. But then, I don’t seem to know when to stop.

I have this habit of seeing things that I think someone (usually one of my kids) would like and I buy it. Seems pretty harmless because it is usually something fairly inexpensive because I have all of the big things bought already. However, when you have four young children, you have to make sure they have the same number of gifts to open because you don’t want crying on Christmas morning so that means you need to get three more gifts. So if you do the math a $20 impulse buy turns into $80. Another thing that I can’t help is I keep buying things for everyone. I find something and then decide maybe so and so would like this. My list keeps getting longer throughout the month of December.

Stopping the impulse shopping is not always as easily done as said. Christmas is not all about buying the most gifts, but it can feel good to give to others. I urge you that when you are shopping this year to really think about those purchases. Are they the start of something that could take you months to financially come back from?

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